Contrarian Investing and First Principles: Insights from Rajeev Thakkar | PPFAS AMC

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Join us for a chat with Rajeev Thakkar, CIO and Director at PPFAS AMC, as he talks about market trends, failures, and trailing funds. Rajeev, known for his clear and insightful market views, shares his thoughts on the current market, new-age companies, PSUs, and the Parag Parikh Flexi Cap Fund. Learn about his early interest in equity investing, his move to PPFAS, and the growth of the AMC's vision. This video is perfect for aspiring investors and finance enthusiasts!
‪@ppfasmf‬


𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀:
00:06 Introduction
00:30 With around 30 years in finance, what initially drew you to equity investing? Was there someone who influenced you the most in this journey?
02:27 Before joining PPFAS in 2001, you spent seven years at Prime Securities and DIL Vikas Finance. What inspired you to make the move to PPFAS?
06:12 You joined PPFAS before the start of the mutual fund… when it was a PMS. Can you please share how the vision for the AMC evolved with Parag Parikh?
08:42 Can you please share some interesting conversations with Parag Parikh… the values he has imbibed… that have had a lasting impact on you?
14:48 Thinking back to the start of your career, what key lessons or experiences really shaped you?
15:48 The equity markets have seen a lot of changes over the past thirty years. What do you think has changed the most since you began?
18:17 Can you walk us through your investment framework? How do you decide when and what kind of stocks to add to your portfolio?
20:49 Almost all your funds are co-managed by about five fund managers. Can you please tell us how the work is divided and who takes care of what?
22:22 You focus on high-quality businesses, but they’re not always cheap. How do you decide when it's worth paying a premium and when it might be overpaying?
24:30 You've often said management quality is a key differentiator between winners and losers. In your view, what makes for good management?
26:37 We've seen more public sector companies in your portfolio recently (since 2021-22). The government has proven that it’s a bad owner in the long run… so what attracted you to these investments?
29:59 Your international positions - Alphabet, Microsoft, Meta, amazon… holding them has played out well. If RBI permits investment in them again, do you think they will still find the maximum possible position in your portfolio?
30:44 The PPFAS Flexicap Fund has performed exceptionally well in recent years, but last year, it lagged a bit behind its peers. What were the main factors behind this?
33:17 Many stocks must have benefited the fund over time, but what about the ones that didn't work out? Can you share some of the major mistakes and the lessons you learned from them?
37:09 You've been holding a significant amount of cash. Please share what you’re waiting for and when you think you'll start deploying this money.
39:27 In your opinion, which market segment is currently overvalued, and where do you see excessive speculation?
40:44 What's your take on the new-age tech companies that went public in India a few years ago? They're starting to focus on profitability now. Are any of these stocks on your radar?
41:08 What advice would you give to new investors who jumped into the market after the 2020 rally and might have unrealistic expectations now?
42:17 Every investor has a story about their first investment. Could you share yours? What company was it, how long did you hold it, and what was the outcome?
43:47 Finally, would you like to recommend some books to our readers to help them make better financial decisions?
44:40 Close


✨ 𝗝𝗼𝗶𝗻 𝗩𝗮𝗹𝘂𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 ✨
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ماه قبل در تاریخ 1403/04/20 منتشر شده است.
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